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on fox business an hour from now. >> glenn: america, welcome to the "glenn beck program." roll up your sleeves because we're going to do some work. americans have been saying for a long time, they just want to know the truth. they just want to know the truth, even if it's hard and they're willing to do it. well, okay, all right. today we tell you the truth, tell you the truth and all this week we show you how to slash the budget. but i worn you, i'm not going to have any friends left. there isn't anybody that won't be hacked off at me because when you see what we have to do, not to thrive, but to survive, americans might change their tune. we'll see how you will react. it's time to introduce you to the plan. c'mon, let's go! ♪ ♪ >> glenn: hello, america. it's a working week. we're going to kind of keep you informed with what is going on in the news, but we have some amazing guests that are coming on this week that have been working with me on slashing the budget. it's an idea i want to lay out for you tonight and then please tell your friends, watch all this week. because somebody
and doing well at this. but at the same time all the countries in the me john know america plays an indispensable role and we'd like america to continue to do that. >> rose: a conversation about china, the united states, asia, and the world with the prime minister of singapore when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: singapore's prime minister lee hsein loong is here. he is in the united states this week for the nuclear security summit and for meetings with american officials, including the secretary of state. he's been prime minister since 2004, he's only the city state's third prime minister. he is the son of lee kwan yue, singapore's founding father. i am pleased to have him back on this broadcast with me while he's making this visit to washington. welcome. >> hello. >> rose: tell me what you think was accomplished at this summit of 46 nations. >> i think president obama did the world a service. this is an issue, nuclear security and nuclear terrorism which is important but not urgent. it's
. harry reid said, we have transformed america forever. is he right? >> well, as i say, there are going to be a lot -- there has to be attempts to undo a lot of that transformation. we were warned by candidate obama. we shouldn't be surprised. we were days away if the campaign from fundamentally transforming this country. this country that so many of us love and do not want to see transformed. steps toward insolvency, socialism. there will be a lot of attempts to undo this. >> sean: is this about western european socialism, is this an appeasement mentality the president has adopted? >> sure it is. this is the most radical president, radical speaker and senate leader we have seen in the history of the country. the american people are out-of-pocket rejecting everything they are putting forward. [ cheering ] >> sean: i think they agree. we watched the bribery, we watched the bullying. we watched the intimidation and all it took to pass this health care bill which is a take over of 1/ of the american company. you want to previously the health care bill. >> completely. >> sean: what is the s
to go down a bit, but more jobs are being added, but why hasn't it reached rural america, and that's a bit of a crisis. he's targeting areas in southeast iowa, this part of illinois and missouri where he is now, that have not come back as fast as other areas. there's been an uneven aspect to the recovery, the midwest and south in general have seen some faster recovery than you have seen on the coasts, and then specifically then the difference between rural and urban america, where rural america has struggled, particularly these towns that were like one factory towns that sported the whole town and they're looking for that new one fact tore to re-support the town. >> you're in quincy, the president will talk about the urgent need to wall street reform, but i heard you speaking with andrea mitchell and yew own show earlier, that the president didn't even bring up goldman sachs and all the shenanigans that went on, if you will. what is the white house saying? >> deputy press secretary bill burton on the plane to quincy was asked specifically, well, he said the president will not comme
, this is going to -- i think that's what you are seeing in the streets of america today, we are trying to keep up with this runaway spending and we can never do that there's not enough rich people out there not even enough middle income people to keep up with it. >> sean: we start confiscating 70 to 91% we are still overspending in terms of what the government is spending. i've tried to make a case for a long time i think this was just find. they released the president and vice president's tax returns today.ç i'll give the president some credit, which might surprise some people. he gave away the nobel prize which he didn't deserve. he makes 5 1/2 million dollars about 6% of what makes he gave over to charity, fair enough. i make the case that liberals are only generous with other peopl[#íovjjáty how does joe biden get away with only giving away $48920 to charity? that doesn't seem impressive. >> i don't know. i don't mind so much what joe does with his own money as whp he does with mine. >> sean: that's a good line. >> people ought to give to charity, you know however they feel. some people g
. the rest of the world is beginning to move. east asia is doing exceptionally well. even latin america -- brazil is doing well and the remainder of latin america is doing well. we are doing okay. the american and economy is accelerating faster / -- the american economy is accelerating faster. europe will have a major problem with the exchange rate and other problems. japan is coming back and everybody is coming back, but there are laggards. the problem is getting closer and closer to where the deflationary will be behind us and that the real issue of inflation begins to rise which, paul volcker said, you cannot have a system where you have large deficits, but very large expansion in the monetary base, and not altogether inflation. it has never happened. >> what can the fed to do about some of these long-range problems? >> it is mainly out of the hands of the federal reserve in the sense that these are very deep- seated, political, cultural problems. what bothers me specifically is that in recent months we are exhibiting an absolute inability to cut anything. the c-17 which is a great c
it was in this building that we were building a fan base. i still remember that day. it was a picture of what america is about. you have people from all different walks of life coming together. everybody was working hard. everybody knew there was a challenge coming. everybody was there because they figured if we were all working together then there was the reason why we cannot handle this. we had handled things before. that is the american spirit on display that is this theory -- spirit of quincy and illinois. it is good to be reminded that and come back to spend time with you. we spent some time in iowa and missouri and now back here. yay., misery. how about i attaci left? we are in illinois. over the last couple of days we have talked to workers who are busy building when a blaze for these wind turbines and by a few plants, family and small- business owners trying to navigate through tough economy and talk to farmers about what is happening. because it is folks like pawlenty live in towns like quincy and give america its heartbeat, that is why it is so important. if this sounds like this were worki
new york, good night, from new york, good night, america. captioned by closed captioning services, inc >> bret: next on "special report," president obama pokes fun at tea partiers as they rail against taxes and big-government. is value-added tax viable option in u.s.? what are the prospects here and how is it working overseas? a federal judge rules national day of prayer unconstitutional. now what? live from our studio in washington, this is "special report." good evening, i'm bret baier. president obama found another way to provoke the ire of the country's newest political force. the president made a comment thursday night about tea partiers. and well, it didn't sit too well with many of them. senior white house correspondent major garrett has the story. >> reporter: well, the tea party rally blared on the national mall, president obama told a democratic party fundraiser he found the nationwide eruption of tax day angst funny. >> i've been amused in the last couple of days where people are having these rallies. about taxes. taxes. you would think they would be saying thank you. >> rep
have voiced in some variation over the last few weeks. it appears to be a shift in america's view of the israeli/palestinian conflict, casting it as a national security issue directly for the united states. and the new approach comes amid talk of a new obama peace plan for the middle east. joining me to talk about all of this are rashid khalidi, professor of arab studies at columbia university, and bret stephens, foreign affairs columnist for the "wall street journal" and a frequent guest here. so what petraeus seems to be saying, i'm out there talking to these arab leaders, it hurts our relationship with them and makes it more difficult for them to ally with us, they all complain about this. so he's sort of reflecting that ground reality, no? >> i think there's some element of truth to that and it's certainly convenient for our political leaders to make the case that discontent in their country has to do with what settlements israel might be building in parts of jerusalem as opposed to saying their own policies, the oppression of the egyptians, of course they're going to blame is
to our viewers on pbs in america, also around the globe. coming up later in the program -- the world comes to shanghai. we take all look at the futuristic opening. he says he has not eaten in 74 years. could it be true? britain's final prime ministerial debate is under way this evening with a focus on the economy. there is only a week until polling day with many voters still undecided. is a final chance for the three leaders to get their policies across. prime minister gordon brown will be trying to redeem himself after the disaster is gaffe yesterday when he called a lifelong labor supporter "the biggest." -- "a bigot." >> i am listening to the debate with the rest of the journalists here. and namely this is about bankers and their bonuses. obviously a lot of rhetoric sang the financial crisis was very unfair -- saying the financial crisis was very unfair. gordon brown began by saying the prime minister and had a difficult job to do and he did not always get things right. he unexpectedly insulted of voter yesterday, not knowing his remarks would be carried for everyone to hear. and
for your leadership on energy and thank you for building a better america. [applause] >> thank you secretary for those remarks. he is really a very true friend of the building trades and he demonstrates that to us every day. the building trades look forward to many years of close collaboration with you, dr. chu. brothers and sisters, that concludes today's session. please take a look at the workshop schedule for this afternoon. you'll have the opportunity to get in-depth information about many of the issues that we heard about this morning. the 2010 legislative conference is now in recess until 9:00 a.m. sharp tomorrow. thank you. >> the arizona: assigned an immigration bill that was criticized hours earlier by president obama as misguided. if there is reason to suspect that someone is in the country illegally, they can be questioned. senator john mccain, who is facing a primary challenge this year has threatened to filibuster any legislation that does not secure borders first. tonight, a debate between the three democratic candidates for arkansas' senate seat. live coverage begins
right now are the problems which we in america will probably face in the not-too-distant future. those problems are massive out of control entitlement programs, enormous debt, massive deficits, and continuing big spending programs. in short, martha, they can't pay their bills. greece can't, out of money, portugal is threatened, spain is threatened, italy, austria, probably in the same boat down the road if this thing spreads. so if i may say, their writing is on our wall. now -- go ahead, sorry. martha:is -- i was just going to say, stuart, you listen to that list of countries and one could argue, you know, the united states has not been in the same category in terms of the strength of our economy as those countries for quite some time. >> oh, for a long, long time. the equation is not between uncle sam, the federal government and america and greece and portugal and spain. no, the association is with the state governments of california, new york, and new jersey. they have run out of money. they face an enormous decifit and budget crunch. they need bailouts. so there is a mirror image h
announces major changes in america's nuclear strategy. >> announcing to every regime out there under what circumstances they can nuke us? >> in politics, a former speaker salem's office. >> the most radical president in american history has thrown down the gauntlet to the american people. >> a new dynamic duo takes center stage. >> to a few years from now president obama will be a one- term president. >> supreme court justice stevens announces his retirement. who will obama name to his replacement? >> va the capital of the confederacy. >> confederate history month in virginia. wasn't thrilled -- slavery worth a mention? >> slavery was the controlling central issue and i don't know anyone with historical credence to would differ with that. >> the united states has used nuclear-weapons only twice -- against the japanese cities of hiroshima and nagasaki toward the end of world war ii. afterwards japan surrendered. then the soviets wanted one and the nuclear arms race was on. president obama announced he is reworking america's nuclear strategy, scaling back the role of nuclear weapons in the
in north america and not an asian story as it was north america. and dupont yesterday notably raised their guidance. trish, back to you. >> yes, they did. thank you, bob pisani. >>> well, the stocks tacked on more gains after the fed announced it would kitsch raeep unchanged, but how long should the fed spur along here? what is ahead for your money? we will get more from david kelley, chief market strategist at jpmorgan funds, and then we also have michael yoshikami, president and chief investment strategist at ycm wealth investment strategies. so, i will begin with you, mr. kelley, what is your take on the european debt situation and how much of a problem for the u.s. markets? you saw not a big reaction on spain today, but you had greece and portugal cut yesterday, and we did see a bit of a sell-off. what is your take as we move forward? >> well, it is really a threat. i mean, what i worry about is the politics here. the reality is that greece is too big to fail. and, you know, i think that the reason we did not sell-off after spain is that people realized that the gains are almost
are attacking the united states of america? >> well, but let's look at what happened with regard to the detroit bomber. abduabsenteeism umar farouk abdulmutallab. they had the present of mind, given their knowledge of law, to understand that in that initial interaction, they did not have to give him his miranda warnings and the information they got from him can be used in a trial against him under the public safety exception, and -- >> well, i don't know if public safety exception goes to 50 minutes. have you had any case that's ever gone that long? >> oh, i think -- >> where you say to somebody, do you have a gun. >> oh -- >> do you have a bomb, but after a while, that exception ends. >> well, i'm going to say as a former judge, given my experience, given that set of facts, i would think that the government has acted appropriately here and statements from that gentleman would be admissible in a trial. >> well, i would just say that it would be -- the defense lawyer would make that point, i'm sure. >> oh, i'm sure they would, but they would lose in holder's court. >> this is really significant.
leaders hosted by an american president since fdr is occurring in america. barack obama has a stark warning for his fellow leaders. groups like al qaeda are known to be trying to obtain nuclear weapons and will not hesitate to use them. >> a moment of present -- hesitation for president obama. >> hillary clinton -- >> is national security team spend the weekend in television studios, making their case. the assumption is that al qaeda will, if attempting to try, it will eventually succeed at gaining nuclear weapons. the aim of this nuclear summit is a detailed plan to secure under -- secure nuclear materials. countries are committed to cracking down on nuclear smuggling. chile was so concerned that it asked american technicians to remove the in rich uranium. not all nuclear capable states have signed up. president obama has brought almost all of the nuclear powers together, even though they remain outside of the non- proliferation treaty. analysts call that a significant step. >> that will be very important that all of these states are gathering together here to discuss this issue in
is horrendous for america every day as retirees, students and middle-class-teams suffer, it is unbelievably good for bank profits. you have a rigged game in which all the money comes to you. of course, a portion of those ill-gotten profits do have to go to politicians and lobbyists. so that they can keep this legal. and that is the most formidable foe we face, america. 1500 wall street lobbyists as we speak, descending on washington to fight senator blanche lincoln's derivatives reform, simply because it calls for everything to be done in public. a transparent exchange, kind of like the stock market, it's crazy. fixing our financial system requires two things -- an actual plan to insure banks don't get too big to fail. and the courage to actually do it. join joining us now, republican senator, bob corker of tennessee, a member of the banking committee. senator corker, how do we end too big to fail, in your opinion? >> well, you've raised a lot of issues here, dylan, it's good to see you here on the camera. look, at the end of the day, one of the things i think you do have to have in place, is a
[inaudible] i was wondering with america just struggling to pay their bills, losing their jobs [inaudible] and fail to pay taxes on rental properties? [inaudible] nseries why are you such a disgrace? i have my tax returns. can i be free from other penalties? ♪ ♪ i want to introduce the next speaker a warrior here in washington, d.c. today in and day out is battling the injustice of the tax code. he formed the taxpayer protection pledge. he asked every candidate, every incumbent to sign it, reduce taxes this. he lives here in washington, d.c. but he is in part from washington, d.c. because he is a warrior who understands the tax code as well as anyone. i want you to give a big war round of applause for a fellow patriots, grover norquist from the americans for tax reform. [cheering] >> we have thousands of americans getting together today and over a thousand rallies in washington, d.c. and across america and it's not possible to thank all the people who took the time and effort to organize that but i would like to say special thank you to the three who did the most to make th
to america us -- to "america's newsroom". martha: that's going to get a lot of attention. good morning, bill, good morning, everybody at home, i'm martha maccallum, the obama administration has already sort of shunned the phrase the war on terror, so widely used burg the -- during the bush administration. sources say this new change in the language, wee moving that word, islamic, with references to terrorism is really to demonstrate that america does not view all muz im countries through the prism of terror. bill: that's the theme president obama has pushed since taking office. the critics are questioning the strategic benefit, what do we get from it. melanie wilkes is in washington. what are the changes from the white house now? >> reporter: this attempt to move away from equating muslim countries with terrorism began a year ago when the president spoke in cairo, promising a new beginning to relations between the suts and muslim countries. now his advisers reportedly want to remove terms like islamic radicalism from a document called the national security strategy. the associated press is r
, i think yes, america will state a great country, but if we want to continue to be the force that we are today, we are going to have to change course and make tough choices. >> it is not really a matter of choice that we do something. it is either we could do something now in advance, our goal over a cliff eventually and wait to see. they will and have a good, legitimate debate about the size of the debt or the size of the deficit that countries should have. but the course we are on, by any definition, is unsustainable. some choices need to be made. that is unavoidable. >> david walker, you put forward a rubric of non-partisan solutions that would get bipartisan buy in. could you or others comment. the sea in criminal law hanging fruit for nonpartisan solutions, or trade-offs that speak to some of both sides best ideas in being a coalition to start putting those in place? the two easiest things to focus on would be statutory budget controls that would take effect after the economy is recovered and after unemployment is down significantly, because you don't want to take effect before
the overwhelming importance of black race in america. i am familiar with a truly gigantic literature that explains the meaning and portends an honest to god reality of the existence of race. it's imperative and a statutory biological definitions of white race, we may notoriously vague. believing that what is not black. the disc thickness does not indicate lack of interest. quite to the contrary for another, past historical literature, much less known today explains the meaning and portends an honest to god reality of the existence of white races. they may seem not to be given a book on americans in antiquity, a pure fun before europeans discovered the western hemisphere and thousands of years he for the invention of the constant of race. they given the prevalence of the notion that racist permanent, many believe it possible to trace something recognizable as the white race, back more than 2000 years. in addition, not few westerners have racialized antiquity making ancient history into white race history and classics into a living whitefield, complete with pictures of blonde ancient greeks. transfo
not move up. it performs america's legal immigration system to maximize american economic prosperity and will impose tough sanctions on employers who break the law. in arizona they passed a very draconian law on immigration because they are upset the federal government is not acting. in nevada, the republican governor sent a letter to president obama calling for action, federal action, on immigration. and i find the position of the republicans in arizona and in nevada who say the problem is one of the federal government now say we will not buy you work on it. that is why we are here this afternoon, inviting them to help was work on this issue. take a look at our proposals. i do not direct this to learn to grant only. there are 40 other republicans. take a look at this proposal. it is a good faith effort to move forward. we say, come and talk with us. work with us. >> thank you. we come to discuss this issue of immigration facing the reality of the broken immigration system in america facing the reality of a controversy law and arizona which is going to be challenged as it meets the m
america should wake up and care about what's going on today. >> well, i think we should care about what's going on today because anything that reduces the level of international tension or the threat of rogue nuclear weapons in the hands of whomever is a good day for people who enjoy living the lives we lead and the way we lead them. >> yeah. of course, the big concern when you talk about nuclear weapons today, as opposed to -- you know, when you were a teenager in 1947, from -- obviously, we had inspector of nuclear wars from 1940s through christmas day 1991 when soviet union collapsed but you just said it, big concern is nuclear weapons getting in the hands of rogue nations. >> that's an interesting point you just raised. because there are so many people in this country, specifically, i'd say over the age of 50 or 55 years of age, who have had their entire lives framed by the cold war and the threat of nuclear weapons from growing up in grammar school, getting positioned under the desk when they had the civil defense exercises to today when, you know, we have so much opportunity and s
the president back in iowa. it's not just about 2012. the democrats have a problem in rural america and as conservative marco rubio enters the race for a florida senate he steps into the discussion about immigration. >>> most of what you're about to hear will make you mad or annoyed, anyway. some of it isn't 100% family friendly either like this from senator levin from michigan to goldman sachs executives he believes knowingly sold bad investments to clients and undermined financial markets in the process. >> june 22 is the date of this e-mail. boy, that timber wolf was one [ bleep ] deal. how much of that [ bleep ] deal did you sell to your clients after june 22, 2007? >> mr. chairman, i don't know the answer to that. but the price would have reflected levels that they wanted to invest in at that time. >> but you didn't tell them you thought it was a [ bleep ] deal. >> no, i didn't say that. >> no. who did? your people internally. and that's what the e-mails show. >> the hearing putting congress against goldman sachs is one act. another is an all too familiar of partisan duel or bl
we have noticed here is the biggest financial names and the citigroups and the bank of americas and the goldman sachs are exhibiting the usual post earnings dip. we have seen a big move up going into last week and now weak the last several days partly due to goldman and partly due to financial reform and a lot of uncertainty. however, if you look at the financials, things are holding up until today. the regional banks, the big names have been sitting at 52-week highs until today when this is the first real day we are seeing the modest weak innocence all of the big names you see here. again, they have been trading on a simple idea of improving credit and fewer big losses on commercial real estate. speaking of commercial real estate, reits are hitting new highs. whether you are looking at vor n nado or boston properties or equity residential or macerich, and remember, there are several companies vying for control of the simon property group is there as well as some others vying for control of the company. we have seen excellent moving in the space overall. elsewhere tomorrow, we w
't keep them inside new jersey. people have been dumping on new jersey those days are over america's governor is showing the nation, leading the nation toward governance that balances responsibilities and revenue with spending. >> paul: is the key that christie has engaged the middle class? new jersey property taxes are paid by homeowners by the middle class. not like income tax which you can at least take out some -- reduce the burdens on some middle class taxpayers relative to rich. property taxes hit at that sweet spot. has he engaged that voter base on his behalf? >> he has engaged them. but it relates to what jason was saying. he's the first governor in a long time to say clearly here's what i think the problem is. government employees and that includes teachers unions that have gotten promises from this state and from taxpayers that can't be fulfilled. >> paul: what the implications here nationally? are these lessons translatable to sacramento, albany and other failed capitals? >> their knees ought to be shaking now. behind this is the idea, especially among democratic-led ad
.s. taxpayer and they call it capitalism and what they're doing is stealing america's money. goldman sachs is a side show. reuben and summers created a system by which rich bankers could steal our money. >> this is the tip of the iceberg. you can catch dylan on financial reform, goldman sachs testimony today. he's on at 4:00 p.m. eastern time. among his guest, connecticut attorney and jim bunning and byron dorgan. >>> president obama's on his way to quincy, illinois to kick off his main street tour. this morning at the white house, he welcomed members of the bipartisan debt commission. >> we're not playing that game. i'm not going say what's in. i'm not going to say what's out. i want this commission to be free to do its work. >> the panel's expected to limit the deficit to $550 billion by 2015 and that would require a deficit savings in the range of $250 billion or more. president obama will also make three stops in iowa today to talk about economic recovery. >>> blockbuster earnings for ford today. they reported 2.1 billion bucks in the first quarter. today's report, big turnaround from
and in washington. the show starts right now. >>> good afternoon. in america today, the political games continue over financial reform despite the very real effect this back and forth has on us. the senate goldman sachs hearing shining that much more light on the shenanigans that continue to this day to play out on wall street. nearly two years after the financial meltdown and subsequent an ongoing tax funded pare bailouts. both republicans and democrats are united on one front. both want to appear, appear, to be angry at the big banks. >> how much of that deal did you sell to your clients after -- >> two things i'm getting, number one, nobody's done anything wrong. this was the natural disaster like a hurricane hit. >> we're trying to hone in on why we've got so many unemployed people in my state and why so many people in missouri have lost incredible amounts of money in their pensions. >> we're learning more about goldman, that they urnled saleses people to -- that goldman was exposed to by dumping goldman's investments on to unwitting clients, that goldman in theory was paid to represent. thi
is capital equipment purchases, the retooling of america is what is going to drive the recovery. >> well, the retooling of america also takes time though, and that is a long-term job creation story, retooling. so what about the high sovereign debt toll in europe, and we will get the release from the federal budget for march coming out on monday, and more stories about debt, and obviously, hitting the tipping point where people are worried about the deficit. is that going to be an issue for the markets? what about sovereign debt? >> maria, if i can jump in on this, sovereign debt when it comes to the u.s. is the last place to worry about. tax receipts in fiscal 2009 fell 30%, and there is evidence that the tax receipts are growing at the state level, and 15 of the largest states in the country are seeing income tax receipts above expectations which means that the federal tax receipts are likely higher. i don't think that we have a debt problem, but there is a sovereign debt problem in europe that needs to be taken care of so it does not produce a contagion, but if it were that big of deal
it for us. megyn is up next. megyn: i'm megyn kelly, this is "america live." tens of thousands getting ready for what is shaping up to be the biggest protest since the vietnam war. deck morris is the keynote speaker at one of the biggest. he's with us today with what to expect today, during and after. one radical group sets its sights on the pope. new details on the risky stunt they are planning and what happens if it goes badly. also there is this. >> you do not want to have a nice conversation. megyn: and grayson yelling at some florida republicans and telling them to leave their own meeting. loud, lively and threat breaking on "america live" right now. we are awaiting details on the resignation on one of the most powerful and controversial union leaders in the united states. he is andy stern. we are told he will address reports that he is stepping down. the news sending shock waves throughout organized labor and washington. that's was stern claims he helped president obama get elected and helped democrats pass healthcare reform. stern also a regular at the white house, visiting 36 times l
and illinois to continue another campaign of sorts. selling the recovery to small town rural america, which in these parts is still hurting a little bit. at a town hall yesterday, the president avoid the goldman chaos back in washington. he didn't have any four-letter words to drop but did get in a dig at republicans who he says a are blow blocking efforts to reform banking laws. take a listen how he basically says arizona has legalized racial profiling. >> you can imagine if you are a hispanic american in arizona, your great grandparents may have been there before arizona was even a state. but now suddenly, if you don't have your papers and you took your kid out to get ice cream, you're going to be harassed. that's something that could potentially happen. that's not the right way to go. >> now, savannah, that was part of a town hall. he wasn't planning on making immigration remarks but the audience knowing it was the news decided to ask. another issue in the news though that he avoided has been goldman. all that stuff was happening yesterday. he didn't say a word about goldman. it will be
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and the "forbes" gang has a message for them. want to dig america out of the multi-trillion dollar hole? slap americans with a 20% national sales tax on everything they buy. that is the flip side. i'm david asman. welcome to "forbes on fox." we have steve forbes, michael, quinton hardy, bill. we need a 20% v.a.t. tax? why? >> i feel people should be taxed what they take out of society, not what they put in. what we've been doing is wrong. taxing income and we should be taxing spending. i have a new utopia set up. chapter one, repeal the 16th amendment allows taxation of income. >> david: that sounds good. >> two, 20% flat national sales tax. flat enough for you, steve? >> david: steve? >> it's utopia, what government will do to keep the tax and add 20% flat tax. that's what europeans do. they made it a laggard economy. increased deficideficit. we want to do it here? >> david: stephen, only if we want to be like europe should we do this. >> the v.a.t. is fair. in europe, people don't jealously look across the line saying he pays taxes, i don't. everybody pays it. >> david: they have aristocrac
of komen america's race for the cure [ male announcer ] it's a price that starts low and stays low. now pay just $99.99 a month for verizon fios tv, internet and phone -- guaranteed for two years! it's an amazing offer that could save you hundreds of dollars. call now to lock in this guaranteed low price for two years. with 100% true fiber optics to your home, fios delivers the future and gives you more of what cable doesn't. the best channel lineup and more hd. america's top-rated internet. even facebook and twitter on your tv. enjoy a bigger, better entertainment experience. and the peace of mind that comes from knowing you'll pay the same low price year after year. call now and you'll also get a free dvr for 6 months. get it all for just $99.99 a month with a two-year agreement -- a price guaranteed for two years! don't wait. call 1.877.fios.big. that's 1.877.fios.big. this is beyond cable. call the verizon center for customers with disabilities this is fios. at 800-974-6006 tty/v. >>> abc2 news is brought to you by. >>> good day on wall street, thanks to the federal reserve announcing i
businesses, the engine of drop -- job growth in america. it is what we need for creativity and innovation. last year, the offer was accepted by this committee to raise the budget by $180 million. and this year, to have increased by 75 million, i think you for that. it is the key to our economic success, helping small businesses. . >> i will yield you some more time. that is kind of you. i would also like to express accolades as everybody else has for senator -- the senator from new hampshire because it is people like him you can -- that give public-service a good name. when you have somebody like him retire, it is going to give a big vacuum. i wish you were retiring, but you're entitled to your own decisions and whenever life you want from here on out. but public service will be harmed because there are not people like you are around. a year ago when this committee met to mark up the budget resolution, we were confronted with an astoundingly irresponsible budget. during that time, we of heard a lot about how these massive deficits and debts were in heritage from the previous administratio
'll host a cnbc special report. "taxing america" a summit focused on solutions. tune in tomorrow. >>> and up next, our in-depth coverage of the american consumer continues today. sue is first with the first of our exclusive interviews with retail ceos. sue? >> thank you, ty. >> we'll talk to the ceo of the children's place. she took over in january and she has already put in place five key initiatives and it impressed wall street. the stock is moving and we'll talk to her after the break. geico's been saving people money and who doesn't want value for their dollar? been true since the day i made my first dollar. where is that dollar? i got it out to show you... uhh... was it rather old and wrinkly? yeah, you saw it? umm fancy a crisp? geico. fifteen minutes could save you fifteen percent or more on car insurance. at the same time, voilÀ, book your flight and hotel you could save up to 450 bucks. and that could come in pretty handy. where you book matters. expedia. >>> two factors pushing crude prices higher. 86.06. in addition, crude oil inventories fell unexpectedly last week
in america, also around the globe, with me, peter dobbie. coming up later for you -- smoke bombs and fistfights. ukrainian lawmakers come to blows over russia's black sea fleet. and forgotten in pakistan. a year after the fighting, we report from one of the biggest camps for the displaced. our news today dominated by three financial stories, all with potentially huge consequences. first the embattled investment bank goldman sachs repeatedly put its own interests ahead of the interests of its clients. that was the start of a stinging attack delivered by u.s. senators. they began grilling several of the bank's executives. goldman sachs is accused of profiting from the housing collapse. the bank denies the allegations. here is our north america editor. >> it is at the click of cameras, not of firing squad. this is the young trader at fabrice tourre, named in charges, accused of secretly -- encouraging others to invest. >> i denied the sec allegations and i will defend myself in court against this false claim. >> senators accused wall street of unbridled greed, contemptuously compari
immigrants crossing from mexico and from central america. so the reality that the police officers will be given free reign to question and ask, that's racial profiling at its best. >> we've been bringing you both sides even before it became front-page news and ignited heated debate nation wide. i had the arizona lawmaker who authored the bill in the newsroom. let's do this. let's roll the portion of that interview with state senator russell pierce. >> it's outrageous that we continue to have the anarchists and the open border while phoenix has 50% of the hom sized of phoenix are committed by illegal aliens. phoenix is number two in the world in kidnappings. it's become the home invasion, carjacking and identity theft capital of the world. we're not putting up with it anymore. >> so let's focus on the concern over violence. our josh levs has a bit of a fact check. josh. >> at the time when you heard the numbers we thought we have to fact check this. of course, we do. the idea about half of the homicides in that area coming from illegal immigrants. let me go straight to the facts fo
to "bbc world news," broadcast on pbs in america and around the globe. coming up later, the world comes to shanghai. and look at the future ahead of this expo. he says he has not eaten in 74 years. doctors try to find out if this could be true. >>> in britain, the final and probably most combative debate of the current election campaign has just taken place. the three main party leaders clashed over immigration, the state of the economy, and bonuses. many solid as the primer to the campaign before voters go to the polls next week. i>> one last debate, one more week, one final chance to speak directly to millions of voters who have yet to make up their minds. the first question asked for more detail on how they would cut spending. gordon brown attacked, warning his plans would shrink the economy. again and again that tory leader refused to engage, climbing this is desperate -- claiming this was desperate stuff from a desperate man. about what david would do is take 6 million pounds of the economy and put our economy at risk. david, you just have it wrong economically and is the same mist
... plus... why do investors seem so confident about america being able to pay back our debt? .... we'll answer that question - coming up on today's first business good morning everyone thinks for joining us and it is tax day thursday april 15, 2010 and of course the stock market gets higher on good earnings news ups is up 4% after the close yesterday after greater demand not for shipping packages so good news there and also j.p. morgan and intel, as reported earlier this week after seeing lots of strength and different sectors angie so that's good news. and the market is on fire lets face it is unbelievable but it just continues to go higher it was held by the fed chairman ben bernacky that it looks like we're not going into those recessions. but hold the phone unemployment will remain stubbornly high. that what were going to talk more about coming up angie. also the debate over financial reform continues this week a vote is expected as early as this month. everytime you swipe your credit card at a store-- there's a little fee attached most people don't know about. the credit card co
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